BAIDURI Bank has been named ‘The Safest Bank in Brunei 2014’ by Global Finance, an international banking and finance magazine headquartered in New York, a press release stated.
In Global Finance’s “The World’s Safest Banks 2014” microsite, the magazine listed their annual ranking of World’s Safest Bank that have become the recognised and trusted standard of financial counterparty safety for more than 20 years, adding that it is essential for companies to work with banking partners they know they can trust.
In 2014, Global Finance added new ranking categories to help corporations in their efforts to find and work with the most secure and stable banks in the various regions and countries in which they operate. Global Finance’s Safest Banks rankings offer companies an objective tool for evaluating the stability and security of banks around the world.
In April this year, international rating agency Standard and Poor’s assigned an impressive ‘BBB+’ long-term and ‘A-2’ short term issuer credit ratings to Baiduri Bank with stable outlook, describing Baiduri Bank Berhad as having a “strong” business position, “adequate” capital and earnings, “moderate” risk position, “average” funding and “strong” liquidity.